The International Monetary Fund has appointed Former Ministry of Finance Deputy Minister Chileshe Mpundu Kapwepwe as Alternate Executive Director for its Africa Group One Constituency.
Speaking upon receiving the news from the IMF, Finance Minister Alexander Chikwanda immediately welcomed the appointment and described Ms. Kapwepwe as eminently qualified and experienced to diligently and effectively advance the interests of the IMF – Africa Group 1 Constituency.
“It gives me great pleasure to announce the appointment of Ms. Chileshe Kapwepwe, as Alternate Executive Director for the IMF Africa Group 1 Constituency. The ascension of Ms. Kapwepwe to this high position, at the same time that another Zambian is serving on the Executive Board of the World Bank, gives me pride and confidence that African interests will firmly be articulated by Zambian Nationals serving on the Boards of the Bretton Woods Institutions [IMF & World Bank],” said Mr. Chikwanda.
Ms. Kapwepwe’s appointment follows a selection process that was conducted during the IMF Annual Meetings held in Tokyo, Japan, in October 2012. A few weeks ago, Dr. Denny Kalyalya, another Zambian, was appointed as Executive Director of the World Bank Africa Group I Constituency.
A Chartered Accountant by Profession, Ms Kapwepwe is a Fellow of the Association of Chartered and Certified Accountants ACCA (United Kingdom), a Fellow of the Zambia Institute of Chartered Accountants (ZICA) and also holds a Master’s Degree in Business Administration from the University of Bath (United Kingdom). She has over 20 years management experience in both the private and public sectors serving in the aviation and motor industries, and also has vast experience in international trade and quality assurance matters.
Ms. Kapwepwe served as Deputy Minister of Finance and National Planning, from 2008 to 2011. Earlier, she served as the Chief Executive Officer of the National Airports Corporation Limited for seven years from 2001 to 2007. Between 1993 and 2000, she was the Contract Manager for SGS – Societe General de Surveillance, a Swiss Multinational, overseeing operations in International Trade and Quality Assurance in Zambia. She also served as Chief Accountant for Star Commercial Limited (LONRHO Group) in the motor industry in Zambia between 1991 and 1992.
Mr. Chikwanda described Ms. Kapwepwe as, “a humble professional who is profoundly schooled and through whom management talent among women in Zambia will be viewed positively by the International Community.”
On behalf of the Management and Staff, Minister Chikwanda wished Ms. Kapwepwe success as she takes on the challenging and important assignment at the IMF – Africa Group One Constituency.